IMF to Approve Irish Bailout in December-IMF Chief

WASHINGTON (Reuters) - IMF chief Dominique
Struass-Kahn confirmed Sunday that the Fund will contribute
22.5 billion euros to Ireland's bailout, and said it is likely
to be approved by the IMF board in December.

"The strategy for the financial system rests on twin
pillars: deleveraging and reorganization; and ample
capitalization," Strauss-Kahn said in a statement. "A
fundamental downsizing and reorganization to restore the
viability of the system will commence immediately."